Question 1 of 30 -/1 E View Policies Current Attempt in Progress The starting point in the operating activities section of the cash flow statement using the Indirect method is O Sales Revenue Retained Earnings. O Beginning Cash Balance O Net Income Save for Later Attempts: 0 of 1 used Submit Answer III View Policies Current Attempt in Progress An example of a financing activity is O purchase of property O issuing shares Osales to customers O payment of taxes Save for later Attempts of 1 used Submit Answer Question 3 of 30 = View Policies Current Attempt in Progress Which of the following are the two components of Shareholders equity? O Dividends and Retained Earnings O Share Capital and Retained Eamines Share Capital and Net Income O Net Income and Dividends Save for Later Attempts: 0 of 1 used Submit Answer Question 4 of 30 View Policies Current Attempt in Progress The main objective of IFRS and ASPE is O to ensure compliance with the income tax act O to protect shareholder investment O to produce financial reporting that is useful for financial statement users. O to provide specific guidelines for publicly traded companies Save for Later Attempts of 1 used Submit Answer Question 5 of 30 -/1 View Policies Current Attempt in Progress Which of the following results in a debit entry to the account identified? O increase in shareholders' equity O recording interest revenue O payment on accounts receivable O decrease in shareholders' equity Save for at Attempts of 1 used Submit